Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 12-Month Low – Time to Sell?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price reached a new 52-week low on Monday . The company traded as low as $18.01 and last traded at $18.18, with a volume of 7882710 shares. The stock had previously closed at $21.32.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The company has a market capitalization of $1.20 billion, a P/E ratio of 14.70 and a beta of 3.52. The company has a 50 day moving average of $36.72 and a 200-day moving average of $42.99.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a $0.1033 dividend. This is a positive change from Direxion Daily Small Cap Bull 3X Shares’s previous dividend of $0.03. The ex-dividend date was Tuesday, March 25th.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bernard Wealth Management Corp. bought a new position in Direxion Daily Small Cap Bull 3X Shares in the 4th quarter worth $78,000. Blue Sky Capital Consultants Group Inc. purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at about $1,222,000. Bank of America Corp DE raised its stake in Direxion Daily Small Cap Bull 3X Shares by 402.3% in the fourth quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 700 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Direxion Daily Small Cap Bull 3X Shares in the fourth quarter worth about $1,173,000. Finally, GG Group Ventures LLC boosted its position in Direxion Daily Small Cap Bull 3X Shares by 77.4% during the 4th quarter. GG Group Ventures LLC now owns 69,798 shares of the exchange traded fund’s stock valued at $2,923,000 after acquiring an additional 30,459 shares in the last quarter.

Direxion Daily Small Cap Bull 3X Shares Company Profile

Direxion Daily Small Cap Bull 3X Shares (the Fund), formerly Direxion Small Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the Russell 2000 Index (the Small Cap Index). The Small Cap Index measures the performance of the small-cap segment of the United States equity universe, and consists of the smallest 2,000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 Index.